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Bajaj Electricals loss widens to Rs 24 97 cr in April-June quarter
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Bajaj Electricals on Tuesday reported a consolidated net profit of Rs 54.26 crore for the quarter ended March 31, 2021. It had registered a net loss of Rs 81 lakh in the January-March period of the previous financial year. The company s total revenue from operations in January-March 2021 stood at Rs 1,258.47, down 3.24 per cent as against Rs 1,300.66 crore in the year-ago period, the company said in a BSE filing. Its consumer products segment has earned a total revenue of Rs 975 crore as against Rs 747 crore a year ago, a growth of 30.6 per cent. Bajaj Electricals EPC (engineering, procurement and construction) segment has achieved a total revenue of Rs 283 crore in the fourth quarter of last fiscal as against Rs 554 crore, a decline of 48.9 per cent over a year ago.
Results: Bajaj Electricals Q3 profit zooms to Rs 98 crore
Bajaj Electricals on Thursday reported a multifold increase in consolidated net profit at Rs 98.19 crore for the third quarter ended December 31, 2020 helped by a strong growth in its consumer products business. The company had posted a net profit of Rs 9.37 crore in the year-ago period, Bajaj Electricals said in a regulatory filing.
Total revenue from operations was up 16.85 per cent to Rs 1,500.14 crore during the quarter under review as against Rs 1,283.86 crore in the corresponding period of the previous fiscal year.
Total expenses were at Rs 1,388.80 crore in third quarter as against Rs 1,274.91 crore earlier.
Bajaj Electricals on Thursday reported a multifold increase in consolidated net profit at Rs98.19 crorefor the third quarter ended December 31, 2020 helped by a strong growth in its consumer products business. The company had posted a net profit of Rs9.37crore in the year-ago period, Bajaj Electricals said in a regulatory filing. Total revenue from operations was up16.85per cent to Rs1,500.14crore during the quarter under review as against Rs1,283.86crore in the corresponding period of the previous fiscal year. Total expenses were at Rs1,388.80crore in third quarter as against Rs1,274.91crore earlier. The Consumer Products business has delivered a strong growth in this quarter despite continuing supply challenges and increase in commodity prices and has delivered its highest ever quarterly EBIT of Rs. 142 crore. Our EPC segment has reduced its loss, while continuing to focus on execution and working capital, Bajaj Electricals Chairman and Managing Director Shekhar Bajaj said
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